Sweden Moves to Discard Surplus Target to Free Stimulus Cash
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Sweden’s government proposed eliminating the two-decade-old budget surplus target to free up money for public investments as it seeks to push unemployment down the lowest in the European Union.
The government ordered a review of the framework, which calls for a 1 percent surplus over an economic cycle, to meet the “reality we face here and now,” it said in a statement. A balanced budget target would in the long-term create room for “much-needed public investment,” the government said.